22nd Century Group, Inc. (NASDAQ:XXII) Short Interest Up 40.7% in February

22nd Century Group, Inc. (NASDAQ:XXII) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 223,500 shares, an increase of 40.7% from the February 13th total of 158,900 shares. Currently, 18.5% of the company’s stock are short sold. Based on an average daily volume of 886,300 shares, the days-to-cover ratio is presently 0.3 days.

22nd Century Group Stock Performance

XXII opened at $1.72 on Friday. The company has a market capitalization of $2.95 million, a price-to-earnings ratio of 0.00 and a beta of 1.67. The business’s 50-day moving average price is $3.87 and its two-hundred day moving average price is $14.21. 22nd Century Group has a 1 year low of $1.68 and a 1 year high of $581.85. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.09 and a quick ratio of 0.93.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e)” rating on shares of 22nd Century Group in a research report on Friday, March 7th. StockNews.com downgraded shares of 22nd Century Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 31st.

Institutional Investors Weigh In On 22nd Century Group

An institutional investor recently bought a new position in 22nd Century Group stock. Anson Funds Management LP purchased a new position in shares of 22nd Century Group, Inc. (NASDAQ:XXII) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,140,452 shares of the biotechnology company’s stock, valued at approximately $691,000. Anson Funds Management LP owned approximately 6.77% of 22nd Century Group as of its most recent SEC filing. 18.06% of the stock is owned by hedge funds and other institutional investors.

22nd Century Group Company Profile

22nd Century Group, Inc, a tobacco products company, engages in the sale and distribution of its own proprietary new reduced nicotine tobacco products. The company offers reduced nicotine content tobacco plants and very low nicotine combustible cigarette products. It also provides contract manufacturing services for conventional combustible tobacco products for third-party brands.